Line of Credit
A revolving line of credit established by one of our lending partners. You can draw down on the line whenever you need it and you only pay interest on the amount you are using. As you pay down on the line, it opens access to additional credit.
Credit lines up to $250,000
Competitive interest rates
Same day approvals, funding within hours
Pay interest only on the money you are using
Term lengths up to 24 months
Repayment via automated ACH withdrawal - weekly or monthly
No restrictions on the use of funds
No collateral required
Interest can be tax deductible (consult your accountant)
Significant prepayment discounts
Builds business credit
Draw funds through your online portal 24/7
Minimum Requirements
650 credit score
2 years in business
$25,000 monthly revenue
Sufficient cash flow
Documents Required for Underwriting
Previous 6 months business bank statements
Printout of current month to date bank activity